What’s Your Raise Really Worth? Inflation Has Something to Say About It.

This article from Wall Street Journal written by Sarah Chaney Cambon and Gwynn Guilford

This should be the best of times for low-wage workers, as pandemic-induced labor shortages force employers to sharply raise pay. Yet for many, it doesn’t feel that way, because those same disruptions have pushed inflation to near its highest rate in over a decade.

Troy Sutton, age 61, lost a job as a custodian at the start of the pandemic in 2020 that paid $12 an hour, and he spent more than a year unemployed. This past summer, he landed a job as a custodian at the University of Pennsylvania he said pays $18 or more an hour.

Click here to read the full article

Source: https://www.wsj.com/articles/labor-shortages-give-low-pay-workers-a-raise-inflation-eats-it-up-11631637683?mod=hp_lead_pos1

By external content
external content Profile Picture